National Council takes another step towards helping Monegasque entrepreneurs

Pierre Bardy has been appointed Rapporteur of the Draft Law 238, filed on May 15, by the 21 elected representatives of the majority group on the National Council, concerning the use of state-owned housing for a private business.

The draft enables Monegasques to register a professional activity in residential premises owned by the state, at no cost.

The purpose of the proposed law is to enable Monegasque entrepreneurs to conduct their businesses while overcoming the formidable obstacles presented by the shortage of office space and its high cost in the Principality.

Pierre Bardy will report back to the National Council on the proceedings of the meetings of the Finance and National Economy Commission, chaired by Balthazar Seydoux.

[caption id="attachment_8294" align="alignnone" width="670"] Justin Highman, Director Monaco Invest - Monaco Economic Board. Photo CleanEquity[/caption]
CleanEquity Monaco, founded by Mungo Park, Chairman of Innovator Capital, and under the High Patronage of His Serene Highness Prince Albert, will continue its mission to enable and accelerate world-relevant, best in class, disruptive sustainable technology and resource efficiency companies, as the annual event celebrates its tenth anniversary in Monaco on March 9 and 10 next year.
Over the past nine years, Innovator Capital's CleanEquity unit has reviewed over 5,000 companies in 11 sectors and over 70 sub-sectors. It will source 600 companies for the 2017 event, from which the top 30 will be selected to present at the conference. These companies must meet high standards of management ability and integrity, unique technological differentiation protected by intellectual property and high, global revenue potential.
The invitation-only conference provides an intimate and collegiate setting for inventors and entrepreneurs to share their stories with delegates - key decision makers looking to assist them with reaching their commercial and strategic goals. CleanEquity's one-to-one meeting team works tirelessly to facilitate introductions and meetings before, during and after the conference.
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Monaco’s trade union umbrella organisation is outraged after 17 employees of a restaurant on Port Hercules were dismissed without notice.
At the height of the summer season, July 20, the workers were handed written notice of dismissal by the management, which said they could not afford to meet the payroll costs. The restaurant at 18 route de la piscine La Condamine, L’ÉTÉ, closed on the following day.
Olivier Cardot, deputy general secretary of the Union of Trade Unions of Monaco (USM), said that such a situation had never been seen before. Redundancy payments are set in the law at one-fifth of a month's salary per business year, he added.
L'ÉTÉ's Facebook page says the restaurant in temporary closed, see you soon, and their website link redirects to the new Roof Sushi and Lounge Bar at avenue d'Ostende.
Article first published August 11, 2017.